JPMorgan CEO Jamie Dimon has compared cryptocurrencies to steam engine and electricity
Despite repeatedly dismissing Bitcoin in the past, JPMorgan CEO Jamie Dimon appears to be very enthusiastic about artificial intelligence. In a recent letter, Dimon compared AI to the steam engine, the most iconic and significant invention from the Industrial Revolution, Bloomberg
On top of the steam engine, the famous banker also brought up other revolutionary technologies of the likes of electricity and the internet. He believes that the technology is capable of augmenting virtually every job. Bitcoin Halving in 11 Days: What to Expect From Price? Dimon is far from being the only billionaire to tout the transformative potential of AI. Microsoft cofounder Bill Gates, for instance, predicted that the impact of AI could be bigger than that of personal computers. However, he has also cautioned that the technology could widen the gap between the rich and the poor. Meanwhile, billionaire investor Steve Cohen said that the AI could result in a four-day working week being the new norm for most people.being in the making. U.S.
Even though some AI proponents are also excited about crypto, Dimon remains one of Bitcoin's staunchest critics. During a recent congressional hearing, he called for a Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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